New London opts to refinance 2 water bonds
Norwalk Reflector Staff
Oct 29, 2015 at 12:47 PM
NEW LONDON Council voted to refinance two water system bonds Monday, saving the village $139,000 in today's dollars over a 15-year period.
The first series was sold in 1973 at a rate of 5 percent interest and the second in 1997 at a rate of 6.3 percent. The new series will carry a 4.76 percent rate, and there will be no charge for the changeover.
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